Boenning & Scattergood analyst Robert Farnam upgraded Conifer Holdings (NASDAQ: CNFR) to Buy today and set a price target of $7. The company’s shares closed yesterday at $5.75.
According to TipRanks.com, Farnam is a 1-star analyst with an average return of -1.4% and a 50.0% success rate. Farnam covers the Financial sector, focusing on stocks such as Hallmark Financial Services, Selective Insurance Group, and Kingstone Companies Inc.
Conifer Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $6.50.
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The company has a one-year high of $8 and a one-year low of $5. Currently, Conifer Holdings has an average volume of 5,442.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNFR in relation to earlier this year.
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Conifer Holdings, Inc. engages in the sale of property and casualty insurance products. It operates through the Commercial and Personal Lines business segment. The Commercial Lines segment offers coverage for property, liability, automobile, and miscellaneous coverage.
